Chick-fil-A - Philadelphia, PA
Chick-fil-A New Construction | 20-Yr Abs Ground Lease | Philadelphia, PA
Marketing description
Sands Investment Group is pleased to exclusively offer for sale a brand new, rare 20-year Absolute Triple Net (NNN) Ground Lease for a Chick-fil-A located at the signalized intersection of Oregon Avenue & S 23rd St in Philadelphia, PA. The lease is backed by a corporate guarantee from Chick-fil-A, Inc. (3,400+ locations / $10B+ in revenue) and features 10% rent increases every 5 years, providing strong long-term rental growth and an attractive hedge against inflation. Strategically located near I-76, I-95, and Broad Street, the property benefits from strong demographics with 329,000+ residents and average household incomes exceeding $115,488 within 3 miles, while drawing traffic from nearby national retailers, Philadelphia’s major sports complexes, and the transformative 1,300-acre Bellwether District redevelopment project.
Investment highlights
- Brand New 2026 Construction: Rare 20-year Absolute Triple Net (NNN) ground lease with 9 (5-year) extension options.
- Corporate Guarantee: Chick-fil-A, Inc. (3,400+ locations / $10B+ in revenue).
- Rental Increases: 10% rent increases every 5 years, providing a strong hedge against inflation.
- Strong Demographics: Population exceeding 329,649 with average household incomes above $115,488 within three miles.
- Excellent Accessibility: Less than 1 minute from I-76, Penrose Avenue, I-95, and Broad Street.
- Dominant Retail Corridor: Surrounded by major retailers including ShopRite, ALDI, Home Depot, BJ’s Wholesale Club, Sprouts, Acme, and McDonald’s.
- Proximity to Sports Complexes: Approximately 2 miles from the Eagles, Phillies, Flyers, and 76ers stadium complexes.
- Near Bellwether District: Less than 1 mile from the 1,300-acre Bellwether redevelopment project expected to bring millions of square feet of commercial and industrial development, along with thousands of new jobs.
- Upcoming Residential Expansion: Directly adjacent to a future large-scale multifamily development, bringing new residents and expanding the property's built-in consumer base.
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